Short Interest in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Decreases By 79.7%
by Doug Wharley · The Cerbat GemVanEck AA-BB CLO ETF (NYSEARCA:CLOB – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 5,986 shares, a drop of 79.7% from the April 30th total of 29,467 shares. Based on an average trading volume of 11,052 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.
VanEck AA-BB CLO ETF Price Performance
VanEck AA-BB CLO ETF stock remained flat at $50.59 during midday trading on Friday. 10,093 shares of the company traded hands, compared to its average volume of 18,010. The firm has a 50 day moving average price of $50.20 and a two-hundred day moving average price of $50.50. VanEck AA-BB CLO ETF has a twelve month low of $49.28 and a twelve month high of $51.17.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of CLOB. Jane Street Group LLC boosted its stake in VanEck AA-BB CLO ETF by 31.9% during the 1st quarter. Jane Street Group LLC now owns 70,403 shares of the company’s stock worth $3,567,000 after acquiring an additional 17,022 shares during the last quarter. Darwin Wealth Management LLC bought a new position in VanEck AA-BB CLO ETF during the 2nd quarter worth approximately $7,755,000. EP Wealth Advisors LLC bought a new position in VanEck AA-BB CLO ETF in the second quarter valued at approximately $336,000. Tower Research Capital LLC TRC bought a new position in VanEck AA-BB CLO ETF in the second quarter valued at approximately $84,000. Finally, Osaic Holdings Inc. bought a new position in VanEck AA-BB CLO ETF in the second quarter valued at approximately $206,000.
About VanEck AA-BB CLO ETF
The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.